LENDLEASE GROUP — Director's Dealing 2022

Oct 25, 2022

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26 October 2022
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Appendix 3Y (Change Of Director's Interest Notice)

Attached is an Appendix 3Y for Anthony Lombardo in respect of a new allocation of rights which occurred on 19 October 2022.

The previous Appendix 3Y lodged on 7 September 2022 noted that 21,325 ordinary stapled securities were delivered from the vesting of various rights (6,364 Deferred Rights including an additional dividend equivalent adjustment and 14,694 Performance Rights). However, as the rights which vested on 1 September 2022 were granted during Mr Lombardo’s tenure as CEO Asia, the number of securities should have been reduced by the portion subject to withholding tax under the Singapore IRAS rules. The opening balance for the ordinary stapled securities held by Mr Lombardo has been updated in this Appendix 3Y to reflect this.

The number of outstanding Deferred Rights and Performance Rights in the Appendix 3Y lodged on 7 September 2022 was also not correspondingly reduced to reflect this vesting of rights and allocation of stapled securities. The opening balances for the Deferred and Performance Rights have been updated in this Appendix 3Y to reflect this.

Lendlease self-identified the error and has put in place additional checks to prevent a recurrence in the future.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Investors: Media: Justin McCarthy Stephen Ellaway Mob: +61 422 800 321 Mob: +61 417 851 287

Authorised for lodgement by Lendlease Group’s Disclosure Committee

Lendlease Corporation Limited ABN 32 000 226 228 and Lendlease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lendlease Trust ABN 39 944 184 773 ARSN 128 052 595

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Level 14, Tower Three, International Towers Sydney Exchange Place, 300 Barangaroo Avenue Barangaroo NSW 2000 Australia

Telephone +61 2 9236 6111 Facsimile +61 2 9252 2192 lendlease.com

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity LENDLEASE GROUP

ABN Lendlease Corporation Limited ABN 32 000 226 228 Lendlease Trust ARSN 128 052 595

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Anthony Peter Lombardo
Date of last notice	7 September 2022

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	19 October 2022
No. of securities held prior to change	Direct 26,395 ordinary stapled securities Indirect 43,832 Deferred Rights (granted as part of the Deferred Equity Award and Restricted Securities Award) 405,042 Performance Rights
Class	As above

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	59,242 Deferred Rights (granted under the Short Term Award plan for FY22)
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, as Deferred Rights are granted as part of the Managing Director’s variable remuneration.
No. of securities held after change	26,395 ordinary stapled securities 103,074 Deferred Rights 405,042 Performance Rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	59,242 Deferred Rights granted under the Short Term Award plan for FY22

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Part 3 – +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3